In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023. Talks began in 2007, but were frozen in 2013 due to lack of progress on issues including EU demands for greater access to Indian markets for its cars.
Euler Motors did not disclose the valuation at which it raised the money in the Series C round, although it said its other investors included Blume Ventures, Athera Venture Partners, QRG Holdings, ADB Ventures and Moglix.
As demand soars for chips used in everything from smartphones to cars, supply chain bottlenecks going on for almost two years have created havoc in several global industries, including automotive, healthcare and telecoms.
Hero MotoCorp plans to set up an assembly facility of 29,000 sq.mt. at its partner's manufacturing facility, which will be operational by the second half of 2024 fiscal.
BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030.
The sedan, imported from Toyota Brazil, is powered by flex fuel technology, which allows the engine to run on fuel blended with a higher percentage of ethanol, reducing the consumption of gasoline, along with a hybrid powertrain.
Announcing the launch of the 'Red Light On, Gaadi Off’ campaign from October 28, Delhi Environment Minister, Gopal Rai said that the notification that required vehicle owners to produce a valid PUC certificate to refuel at a petrol pump has been put on hold.
